PFRS 15 and 16 are considered dynamic and evolving standards that address the changing demands of public interest. PFRS 9 unveils the current requirements of recognizing and measuring wide-array of financial instruments.
PFRS 15 presents to this course the new revenue recognition standard that deals with multiplicity of contract deliverable amidst demands of users of financial statements on more sufficient and appropriate measurement of revenue. PFRS 16 answers the clamor of investing public for more on-balance sheet reporting as leases are generally capitalized in lessee's books.
700 Shaw Boulevard
PICPA NMMC, Mandaluyong, Metro Manila, Philippines